Enterprise Development

REISA’s enterprise development programme includes funding of the Incubation Programme, financing for local start-up businesses and business development and mentoring.

This programme supports enterprises with feasible business ideas and or plans across industries and sectors. Generally, the needs of business enterprises are for start–up capital, bridging finance, business coaching and mentoring and leadership development.

Intended outcomes are to accelerate the growth and success of entrepreneurial companies through an array of business support resources and services including mentorship and coaching and networking connections. Ultimately stimulating the local economic growth and to create opportunities for the economic participation of previously disadvantaged groups.

Between 2014 and 2020, twenty-four enterprises have benefited from the enterprise development grant funding programme.

• The programme has helped to develop more than 20 SMMEs injecting capital for expansion, operational and management skills, equipment towards improving their financial and operational efficiency
• At above average, each of the supported SMMEs created at least a new job and sustained existing jobs and are self-sustaining
• Most have been able to access new opportunities and diversify services
• Job creating ranges from 5 employees to 110 employees